PGIM Global High Yield Fund, Inc $GHY Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 554,159 shares of the company’s stock after selling 105,697 shares during the period. Advisors Asset Management Inc.’s holdings in PGIM Global High Yield Fund were worth $7,138,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GHY. Envestnet Asset Management Inc. boosted its holdings in shares of PGIM Global High Yield Fund by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 155,632 shares of the company’s stock worth $2,005,000 after purchasing an additional 7,230 shares during the period. Activest Wealth Management raised its position in shares of PGIM Global High Yield Fund by 35.4% in the 3rd quarter. Activest Wealth Management now owns 59,241 shares of the company’s stock worth $763,000 after acquiring an additional 15,480 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in PGIM Global High Yield Fund during the 3rd quarter valued at $706,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in PGIM Global High Yield Fund during the 3rd quarter worth approximately $169,000. Finally, Shaker Financial Services LLC purchased a new stake in PGIM Global High Yield Fund in the third quarter worth $382,000.

PGIM Global High Yield Fund Stock Up 0.1%

Shares of PGIM Global High Yield Fund stock opened at $12.93 on Thursday. The company has a 50 day moving average price of $12.55 and a 200 day moving average price of $12.76. PGIM Global High Yield Fund, Inc has a 52 week low of $11.31 and a 52 week high of $13.74.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

PGIM Global High Yield Fund Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.